Press release
Autonomous Train Technology Market : Passenger Train and Freight Train Industry Forecast, 2019-2026
The autonomous train technology market was valued at $5.88 billion in 2018, and is projected to reach $15.57 billion by 2026, growing at a CAGR of 12.9% from 2019 to 2026.Download Report Sample : https://www.alliedmarketresearch.com/request-sample/5656
Covid-19 Scenario:
• During the coronavirus pandemic, the autonomous train technology will be impacted negatively due to the restrictions on the travelling across the globe.
• The budget for development of railways has decreased by governments of most nations as these nations are focusing more on the healthcare sector.
• Moreover, research and development activities have been halted by manufacturers of autonomous vehicles industry during the active lockdown.
• The unemployment has been increased in this industry due to immobile manufacturing activities.
Get detailed COVID-19 Impact Analysis on the Autonomous Train Technology Market Request Here!
The report offers a detailed segmentation of the global autonomous train technology market based on grade of automation, application, technology, component, and region.
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Based on grades of automation (GOAs), the GOA 2 segment contributed to the largest share in 2018, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the GOA 4 segment is expected to register the highest CAGR of 16.4% from 2019 to 2026.
Based on technology, the CBTC segment accounted for the largest share in 2018, holding more than half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the ETRMS segment is estimated to portray the highest CAGR of 16.2% during the forecast period.
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Leading market players analyzed in the autonomous train market research include Alstom S.A., Bombardier Transportation, ABB, General Electric, CRRC Transportation, Kawasaki Heavy Industries, Hitachi Ltd, Siemens AG, Mitsubishi Heavy Industries, and Thales Group.
Read More Reports :
Automotive Seat Market : https://www.alliedmarketresearch.com/automotive-seat-market
Emission Control Technology Market : https://www.alliedmarketresearch.com/emission-control-technology-market
Asia-Pacific Advanced Driver Assistance System (ADAS) Market : https://www.alliedmarketresearch.com/asia-pacific-adas-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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